MarineMax Inc (HZO)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 823,913 | 835,329 | 828,381 | 821,046 | 825,452 | 805,754 | 783,539 | 751,740 | 703,231 | 659,433 | 601,347 | 520,126 | 442,096 | 398,713 | 369,689 | 343,946 | 339,372 | 322,832 | 314,394 | 307,371 |
| Revenue (ttm) | US$ in thousands | 2,414,053 | 2,394,706 | 2,336,875 | 2,303,568 | 2,343,334 | 2,308,098 | 2,233,644 | 2,211,435 | 2,124,424 | 2,063,257 | 1,999,709 | 1,831,685 | 1,617,065 | 1,509,713 | 1,419,087 | 1,304,277 | 1,299,388 | 1,237,153 | 1,237,608 | 1,215,368 |
| Gross profit margin | 34.13% | 34.88% | 35.45% | 35.64% | 35.23% | 34.91% | 35.08% | 33.99% | 33.10% | 31.96% | 30.07% | 28.40% | 27.34% | 26.41% | 26.05% | 26.37% | 26.12% | 26.09% | 25.40% | 25.29% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $823,913K ÷ $2,414,053K
= 34.13%
The gross profit margin of Marinemax, Inc. has shown relatively stable performance over the past eight quarters, ranging from 33.99% to 35.64%. This indicates that the company has been able to effectively control its production and inventory costs, maintaining a consistent level of profitability from its core operations. The slight fluctuations in the margin suggest that the company may be facing some changes in the cost of goods sold or pricing strategies, which could be a result of various external factors such as changes in raw material prices or competitive pressures. Overall, the gross profit margin analysis reflects a relatively healthy and stable performance in the company's ability to generate profits from its sales.
Peer comparison
Dec 31, 2023